FHA Property requirements

When a Realtor lists a property, they also list the type of financing that is available to purchase the property. Knowing the minimum FHA financing standards will help you quickly and accurately assess if the property will meet the minimum FHA standards. If you have any questions about the minimum standards please feel free to contact me.

FHA Minimum property standards would include, but may not be limited to the following:

Site Hazards and Nuisances

Presence of the following may indicate unacceptable property condition:

Sinkholes Active or planned gas-drilling within 300 feet Within 75 feet of operating oil/gas well with no visible mitigation measures Abandoned oil or gas well within 10 feet Slush pits Excessive noise or hazard from heavy traffic area Dwelling or improvements within 10 feet of easement for high-pressure gas or petroleum line Dwelling or improvements within fall distance for overhead towers (high-voltage, radio/TV, cell phone etc) Excessive smoke, fumes, offensive noises or odors Stationary storage tanks with more than 1000 gallons of flammable or explosive material Soil Contamination

Presence of the following may indicate unacceptable property condition:

Presence of the following may indicate unacceptable property condition:

Grading does not provide drainage away from structures Standing water near structures Individual Water and Sewage Systems

Presence of the following may indicate unacceptable property condition: Private sewage system show evidence of system failure Separation between well and septic drain field less than 100 ft, (75 ft may be acceptable if local authorities allow.) Separation between well and property line is less than 10 ft. (If local authority requires greater distance that requirement must be met.) Property lacks connection to public water (Lender/jurisdiction may require water test and connection to public water if feasible) Wood Destroying Insects

Presence of the following will require a termite inspection and treatment if infestation is present: Structure is ground level and wood is touching ground House or other structure show obvious evidence of infestation Local jurisdiction requires inspection Inspection is customary to the area Private Road Access

Presence of the following may indicate unacceptable property condition:

Property inaccessible by foot or vehicle Property accessible only by private road without permanent recorded easement Floor Support Systems

Presence of the following may indicate unacceptable property condition:

Presence of the following may indicate unacceptable property condition: Blocked or inadequate access Space inadequate for maintenance (recommended 18 inches) Support beams not intact Excessive dampness or ponding of water Slab

Presence of the following may indicate unacceptable property condition:

Significant cracks that could affect structural soundness Roof

Presence of the following will require a roof inspection and possible repair:

Presence of the following may indicate unacceptable property condition:

Unit does not turn on Heat is not emitted Unusual noise Smoke or irregular smell Significant holes or deterioration on unit Electrical System

Presence of the following may indicate unacceptable property condition:

Electrical switches don't work Outlets don't work Presence of smoke or sparks from outlet Exposed frayed or unconnected wiring Plumbing System

Presence of the following may indicate unacceptable property condition:

Significant drop or limitation in water pressure No hot water Toilets don't function or have been removed Toilet leaks Sinks/bathtub/shower leaks (very minor leaks may be acceptable) Sinks/bathtub/shower does not work or have been removed Swimming pools not operational, in bad repair or not maintained Paint

Presence of the following may indicate unacceptable property condition:

Chipped or peeling paint on interior or exterior of home and/or structures and improvements if home built before 1978. Chipped or peeling paint on exterior surfaces if finish is unprotected (ie, bare wood) if home built after 1978. Other

Presence of the following may indicate unacceptable property condition: